Billionaire Bill Ackman Exits Valeant with Huge Loss

Mar 15, 2017, 01:11
Billionaire Bill Ackman Exits Valeant with Huge Loss

The Stock now has the market capitalization of $4.23 Billion, P/E (price to earnings ttm) of 0 and Weekly volatility of 6.20% and monthly volatility of 5.81% respectively.

At this time, other investors following Ackman's foray into the issue or purchased the issue for other reasons, are also exiting.

And with a $2.8 billion loss, investor Bill Ackman is done with Valeant Pharmaceuticals (VRX).

The most influential movers on the index included some of its biggest energy companies with Suncor Energy down 1.7% at $39.78 and Canadian Natural Resources losing 2% to $41.84.

Investors expected a price target of 1.21 for this quarter.

Analysts from BMO think the sale by Bill Ackman is bad news for Valeant Pharmaceuticals shareholders. HC Wainwright's price target points to a potential upside of 38.89% from the company's current price.

In the last trading session, The Company traded 21.5 Million shares. Valeant Pharmaceuticals Intl has a 12 month low of $11.36 and a 12 month high of $70.43.

The company's stock now has 4.23 Billion in market capitalization. Earnings, with 15 analysts believing the company would generate an Average Estimate of $0.91. In October 2015, short-seller Andrew Left of Citron Research alleged Valeant and Philidor, a mail-order pharmacy and one of its customers, had engaged in a secret relationship to improperly hike revenues. During the same period in the prior year, the business posted $1.55 earnings per share. EPS growth in past five years was 12.66% while EPS growth in next five years is projected to arrive at 12.95%. The original version of this piece of content can be accessed at [[permalink]]. Also, Director Thomas W. Sr. The stock is down 5.79% on the day. Pershing sold its remaining stock in recent weeks for an average of US$11 per share, having originally paid an average of US$196 per share in early 2015. Swing Death Cross Alert: The short-term 10 day moving average is now below the 50 day moving average. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The stock has returned -82.4% over the previous year.

Some hedge funds are still active in the company, which appears to be undergoing a controlled liquidation. Tightening the gaze, stock performance for the last 5 trading days is -2.42%. Kistler Tiffany Companies LLC increased its stake in Valeant Pharmaceuticals Intl by 95.5% in the third quarter.

By September 2015, Valeant stock stopped climbing and began its descent - by mid-November, the stock would be down to $75 per share. The company reported its last quarter on Dec 16.

This wasn't an overnight plummet from $262 per share to $10.50; it's been a long, slow death, even as CEO Joe Papa insists that Valeant is in the midst of transformation and turnaround. (NYSE:VRX) topped its 52-week high price target of 53.9 on Mar 15, 2016.